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Technology Stocks : LKQ Corporation (LKQX)

LKQ 30.26

+0.9%

9:30 AM EST

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From: JakeStraw	2/25/2010 8:44:09 AM
	of 22

LKQ Corporation Achieves Record Results for 2009 finance.yahoo.com Thursday February 25, 2010, * Revenue Surpasses $2 Billion Mark * Fourth Quarter Revenue Increases 20% to $556 Million Company Outlook "We anticipate that the current trends of improving miles driven and expansion in the utilization of alternative parts for collision repairs will continue in 2010 and support higher demand for the products we sell," said Mr. Holsten. "Revenue from parts and services is anticipated to grow organically at a rate of 6% to 8%." Based on current conditions and excluding restructuring expenses and any gains or losses related to acquisitions or divestitures, LKQ anticipates full year 2010 income from continuing operations will be in the range of $145 million to $155 million and diluted earnings per share from continuing operations will be in the range of $1.00 to $1.06. Net cash provided by operating activities for 2010 is projected to be approximately $160 million. The company estimates capital expenditures related to property and equipment will be between $85 million to $95 million.

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